Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Monthly Air Cargo Tracker | May-July Data Shows Soft Demand, Ample Capacity, Lower Yields

Monthly Air Cargo Tracker | August Shows Pockets of Growth | But LF, Pricing Both Still Very Weak

Monthly Air Cargo Tracker | January: Soft Demand, Low LFs | Ocean Growth > Air Growth (March 2025)

Monthly Air Cargo Tracker | Inaugural Edition | Low Cargo Load Factors and Moderating Demand Growth

Monthly Air Cargo Tracker | Even Before US Tariff Chaos, Conditions Had Turned Weaker (May 2025)

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Bottom-Up

<ul>
<li>The Taiwanese air cargo specialists CAL and EVA reported slowing growth, lower LF in April</li>
<li>Despite a few outliers, tonnage growth and utilization at other Asian carriers also weaker</li>
<li>All signs point to sluggish US demand, which is unlikely to recover any time soon</li>
</ul>


The Taiwanese air cargo specialists CAL and EVA reported slowing growth, lower LF in April
Despite a few outliers, tonnage growth and utilization at other Asian carriers also weaker
All signs point to sluggish US demand, which is unlikely to recover any time soon


Beijing Capital International Airport (BCIA) (694 HK)

Beijing Capital International Airport (BCIA)

月次航空貨物トラッカー | 4月のデータは需要の減速と低い（そして低下している）稼働率を示している

China Airlines

月次航空貨物トラッカー | 4月のデータは需要の減速と低い（そして低下している）稼働率を示している